Turkish Prime Minister Recep Tayyip Erdogan has criticized the decision by the ratings agency Standard & Poor’s to upgrade Greece’s standing, taking it out of the territory of possible default and up to a B- standing. Erdogan said the decision was “politicized” but did not elaborate.
Greek Foreign Minister Dimitris Avramopoulos, was unhappy with the criticism and said that the financial crisis isn’t limited to Greece but has wider European and worldwide roots. S & P’s said that ff the government adheres to the terms of a reform and austerity program imposed by the government on orders of international lenders that it could help lead to a recovery.
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